Puyallup, WA 98372 425 4th Street NE
$3,550,000
Pending
9 more
Presented By: Northmarq Multifamily, LLC and NWMLS
- MLS# 2384784
- 05/13/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.
Presented By: Northmarq Multifamily, LLC and NWMLS
Interior Features for 425 4th Street NE
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 425 4th Street NE
AmenitiesSee Remarks
Building Area UnitsSquare Feet
Cap Rate6.04
Carport Spaces
Carport Y/NNo
CityPuyallup
CoolingNone
CountyPierce
DirectionsTake Exit 137 from I-5 S; Take Valley Ave E. Turn right onto Milwaukee Ave E; Turn right onto 5th Ave NE; Turn left at the 1st cross street onto 4th St NE; Turn left.
Electric Expense
Elementary SchoolStewart Elem
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High SchoolPuyallup High
High School DistrictPuyallup
Insurance Expense3135
Leasable Area11280
Listing TermsConventional
Living Area UnitsSquare Feet
Lot Size Square Feet28838
Lot Size UnitsSquare Feet
MLS Area79 – Puyallup
Middle/Junior High SchoolKalles Jnr High
ModificationTimestamp2025-08-06T19:27:10.728Z
NWM_ShowMapLinkY
Net Operating Income226471
New ConstructionNo
Number Of Units Total12
Open Parking Spaces25
PossessionClosing
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWe are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit lau
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusPending
StatusPending Inspection
Structure TypeMulti Family
Subdivision NamePuyallup
Tax Annual Amount27249
Tax Year2024
Units Below Gradefalse
Units In Building Total12
Water Sewer Garbage19665
Year Built1980
Exterior for 425 4th Street NE
Building Area Total
Covered Spaces
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot Size Acres0.662
Parking Uncovered Spaces25
Site FeaturesFenced-Partially, Patio
Total Parking25
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Puyallup High
Middle School
Kalles Jnr High
Elementary School
Stewart Elem
Josh QA1
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